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Virtus Investment Partners, Inc. (NYSE:VRTS), a $1.27 billion asset management firm with strong financial health according to InvestingPro analysis, announced Monday that Susan S. Fleming has notified the company and its board chairman of her intention to retire from the board of directors at the end of her current term in May 2026. Fleming will not stand for re-election at the company’s 2026 annual meeting of shareholders.
Fleming has served as a director since Virtus Investment Partners became an independent public company on January 1, 2009. During her tenure, she has held the role of chairperson of the company’s governance committee and has been a member of the audit committee. She will continue to serve on the board until her term concludes.
The information is based on a statement provided in a recent SEC filing. The company currently trades at $183.19, with analysts expecting continued profitability this year.
In other recent news, Virtus Investment Partners reported its Q1 2025 earnings, which showed mixed results. The company’s earnings per share (EPS) were $5.73, falling short of the anticipated $5.92, while revenue surpassed expectations, reaching $217.9 million against a forecast of $201.99 million. Despite the revenue beat, total assets under management decreased to $167.5 billion. Virtus continues to expand its offerings in exchange-traded funds (ETFs) and global funds as part of its growth strategy. Analysts noted the company’s focus on active management during volatile market conditions, with a particular emphasis on quality equity managers. The firm also reported positive net flows in ETFs, highlighting strong performance in this segment. Virtus’ management discussed their balanced approach to capital management, including share repurchases and investments in business growth. The company remains committed to strategic growth and capital management, with several new strategies under development.
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